SSV community, find below the market-maker performance update.
The big Ripple win! And indeed a big win for the entire crypto market. Definitely makes the SEC’s job of proving that altcoins (and particularly Eth) to be securities a lot harder. The whole market experienced a nice little bump because of it.
XRP actually had more trading the Bitcoin since the ruling
Those at Ethcc Paris – enjoy!
A few notes to explain what you are seeing:
• “7d Avg Spread” is the average spread from the best performing spread market (Binance USDT pair).
• “4% Liquidity” is ±2% from midprice liquidity sitting in the books across all exchanges
• In the individual pairs, the “2% Liquidity” is ±1% from the midprice liquidity sitting in that individual pair
Marketshare for the previous week:
Spreads for the previous week.
This is the % of time EF kept spreads from bid-ask at 75bps or better. Note there was maintenance on Huobi for ~36 hours, hence the lower uptime this week here.
This does not include liquidity & trading in the V3 pool
Our aim is to continue to incentive volume and sustained trading health in the SSV market.